HomeMy WebLinkAboutCRA-R-11-0003 01-24-2011 Cover MemoSEOPW Board of Commissioners Meeting
January 24, 2011
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Richard P. Dunn II
and Members of the CRA Board
From: Pieter A. Bockweg
Executive Director
Date: January 14, 2011 File: 11-00009
Subject: De -Allocation of Funds Previously Authorized
for DMP Special Events Shuttle.
References:
Enclosures: Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution de -allocating funds, in the amount
of $5,000, previously authorized by Resolution No. CRA-R-10-0096 for Downtown Miami Partnership, Inc.
("DMP").
The Board of Commissioners, by Resolution No. CRA-R-10-0096, passed and adopted on November 18, 2010,
authorized the issuance of a grant, in an amount not to exceed $5,000, to DMP, to underwrite the costs
associated with the operation of a special events shuttle within the SEOPW Redevelopment Area.
Due to insufficient outside funding sources, DMP has canceled the special events shuttle project.
JUSTIFICATION:
A resolution passed by the Board of Commissioners authorizing funding immediately encumbers the entire
amount authorized. A subsequent resolution is required to de -allocate and return excess funds to the CRA's
unrestricted fund balance.